Posts by: RF Report


Mexico: SAT updates digital service providers list for VAT

Mexico’s Tax Administration Service (SAT) has issued Official Letter No. 700-04-00-00-00-2026-003, publishing an updated list of non-resident digital service providers registered in the Federal Taxpayers Registry (RFC) for VAT purposes. The letter was published in the Official Gazette on 30 January 2026 and entered into force the same day. The updated list reflects compliance for...

US, Bangladesh agree on new trade deal

The US and Bangladesh have agreed to an Agreement on Reciprocal Trade (Agreement) to enhance their bilateral economic relationship. The deal builds on the longstanding US-Bangladesh Trade and Investment Cooperation Forum Agreement (TICFA) of 2013. This announcement was made on 9 February 2026. Under the Agreement, Bangladesh will provide significant preferential market access for US...

Portugal sets 2025 corporate municipal surcharge rates

Portugal’s Tax and Customs Authority has issued Circular Letter No. 20288/2026 on 2 February 2026, outlining municipal surcharge (derrama municipal) rates applicable to corporate taxable profits for the 2025 fiscal year. The circular specifies standard rates, reduced rates, and exemptions for municipalities across mainland Portugal and the Autonomous Regions of the Azores and Madeira. Standard...

Colombia: SIC updates corporate integration fees for 2026

The Colombian Superintendence of Industry and Commerce (SIC) has announced revised corporate integration fees for 2026, covering mergers, acquisitions, and other corporate integration processes. The adjustments, outlined in Resolution No. 40806 of 27 January 2026, were published on the SIC website on 31 January 2026. Under the new schedule, the notification stage fee is set...

Sri Lanka: IRD reminds bookmakers to pay increased levy on January collections

Sri Lanka’s Inland Revenue Department (IRD) has issued a reminder to taxpayers carrying on the business of bookmakers and gaming to make the Levy payment on the gross collection for January 2026 on or before 7 February 2026. Under the current rules, a levy at the rate of 18% on the gross collection of a...

US removes 25% tariff on Indian imports under new executive order

The US has removed the 25% additional tariff on goods imported from India after President Donald Trump signed an executive order, “Modifying Duties to Address Threats to the US by the Government of the Russian Federation”. The order took effect at 12:01 a.m. Eastern Standard Time on 7 February 2026, following a trade agreement announced...

Italy rules energy community withholdings exempt from VAT

Italy’s Revenue Agency has clarified on 9 February 2026 that funds withheld by Renewable Energy Communities (CERs) from member incentives fall outside VAT regulations and don’t count as taxable revenue. According to the Response No. 22/2026, the Agency addressed how CERs should treat withheld portions of incentives from the Electronic Services Manager (GSE). The ruling...

Nigeria: NRS scraps road tax credit scheme over verification challenges

The Nigeria Revenue Service (NRS) has ended the road infrastructure tax credit programme on 5 February 2026, citing its inability to verify construction projects completed under the initiative. NRS Chairman Zacch Adedeji announced the decision, explaining that project verification falls outside the agency’s legal mandate. He emphasised that approving tax credits for road construction constitutes...

US imposes tariffs on countries trading with Iran

US President Donald Trump signed an executive order, “Addressing Threats to the United States by the Government of Iran,” on 6 February, which imposes additional tariffs on imports from countries that trade with Iran, building upon decades of US sanctions dating back to 1995. A fact sheet on the executive order has also released on...

Italy: Agricultural businesses with cadastral income can access special economic zone tax credit

Italy’s Revenue Agency has clarified in Response No. 25 on 9 February 2026 that agricultural businesses that determine income from cadastral (land registry) records can access the tax credit for investments in the Single Special Economic Zone (ZES) of Southern Italy, even when using simplified accounting methods. The clarification addresses concerns from an agricultural entrepreneur...